politics
February 10, 2026
Major change for Serbian pensioners from May 1: They will no longer be able to withdraw money this way
The Pension and Disability Insurance Fund (PIO) of Republika Srpska will abolish the payment of pensions via power of attorney given to the Fund from May 1, so receipts will henceforth be paid exclusively in the name and to the personal account of the beneficiary.
TL;DR
- The Pension and Disability Insurance Fund (PIO) of Republika Srpska will cease pension payments via power of attorney starting May 1.
- Pensions will be paid exclusively to the personal account of the beneficiary.
- Payments to third parties based on power of attorney will no longer be permitted.
- This change is intended to prevent fraud and protect beneficiaries' rights, following instances where abuses led to approximately 100,000 convertible marks in damages.
- Beneficiaries who previously received pensions via power of attorney need to provide their personal account details for continued payment.
- Notifications regarding this change are being printed on pension checks for January, February, and March.
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